The Cointelegraph Press Review

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• BitMine buys $199M in Ether as smart money traders bet on ETH decline
  The largest corporate Ether holder continues to buy the dip, as the industry’s most profitable traders continue to bet millions on ETH’s short-term decline. BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum's price fall.BitMine acquired $199 million worth of Ether (ETH) […]
• Here’s what happened in crypto today
  Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: Coinbase Institutional forecasts a strong year-end rally for Bitcoin, Western Union announced it will roll out a “stable card” for high-inflation economies, and Strategy’s […]
• ‘European SEC’ proposal sparks licensing concerns, institutional ambitions
  Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region. The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for […]
• Bitcoin profit metric eyes 2-year lows in 'complete reset:' BTC analysis
  Bitcoin long-term holders lost interest in selling at $90,000, new research showed, as profitability of their BTC supply dried up. Bitcoin (BTC) has seen a “complete reset” of sell pressure after dropping below $90,000, says new research.Key points:Bitcoin long-term holders have reset their selling habits as BTC price action returns below $90,000.Read more
• BTC poised for December recovery on ‘macro tailwinds,' Fed rate cut: Coinbase
  Coinbase predicts a December recovery driven by rising global M2 liquidity and lower interest rates, but Fed Chair Powell’s remarks may limit upside, analysts say. Bitcoin's ‘Santa’ rally may be ignited by macroeconomic tailwinds, including the Federal Reserve’s incoming interest rate decision, but fearful investor sentiment may take another hit by any hawkish remarks from […]
• Why CFTC-approved spot Bitcoin, Ethereum trading is a 'massively huge deal'
  Gold has popped 4,000% following CFTC's approval in the 1970s, leaving Bitcoin and Ethereum with a similar scaling setup. On Thursday, the US Commodity Futures Trading Commission (CFTC) announced that spot Bitcoin (BTC) and Ether (ETH) products will begin trading for the first time on its registered futures exchanges. Here are three reasons why this […]
• Western Union eyes inflation-resistant ‘stable cards’ as part of its stablecoin strategy
  Western Union will roll out a “stable card” for high-inflation economies and issue its own coin as part of a multi-pillar stablecoin and digital asset strategy. Western Union has unveiled plans to introduce a new “stable card” to protect users in high-inflation economies as part of its stablecoin strategy.Speaking at the UBS Global Technology and […]